Strong Growth

According to a May 3 report from The Associated Press, Northrop Grumman Corp. said its first-quarter profit increased 20 percent, led by strong growth in shipbuilding. Business improved for nearly every sector in which the company operates, except for a 1% decline in information systems.
(Source: The Associated Press)

Chantiers de l´Atlantique, ALSTOM Group, has awarded ABB Marine a contract to supply the electric propulsion system for a new 153,000 cu. M. LNG carrier, owned by Gaz de France. The vessel will be built in France by Chantiers de l´Atlantique and delivered in 2005.
The supply of medium voltage power systems to LNG carriers has been a strong growth area for ABB. According to Martinus Brandal, head of ABB´s global Marine business, “In the last three years

British shipping firm Peninsular and Oriental Steam Navigation Company said that overall trading conditions at its core ports, ferries and logistics businesses had remained firm in the fourth quarter. The company, which de-merged its cruise business last year, highlighted strong growth in its ports unit but said trading in the ferry business had been "reasonable" despite higher fuel costs. Contract logistics had a good fourth quarter though the weakness of the euro hurt unit loads

Royal IHC (IHC) has reached an agreement to sell 100% of its shares in its subsidiary IHC Sealing Solutions to new owners Willem Steenge, who as CEO is partly responsible for the strong growth of IHC Sealing Solutions in recent years, and Rabo Participaties (RaPar).
The sale enables IHC to strengthen its focus on its core business: offering integrated innovative vessels, advanced equipment and life-cycle support to the dredging, wet mining and offshore construction industries

Throughput figures for the port of Rotterdam continue to show strong growth. In the first 9 months of this year, 277 million tonnes of cargo were handled, 4% more than in the same period of 2004. Growth is above the prognosis for this year as well as the expectations for the longer term, of 2–3 %. Container handling is doing even better with +14%.
In weight, container handling went up from 61 million tonnes in 2004 to 68 million tonnes (+12%)

Over the last years Schottel has enjoyed a strong growth in North America as well as in Latin and Central America. The “Schottel Fleet“ is growing rapidly and new facilities are needed.
Schottel Inc.’s main office in Louisiana has recently moved from Harahan to James Business Park in St. Rose where larger facilities can store more spare parts and overhauls being performed more efficiently. The new address: Schottel Inc., 190 James Drive East, Suite 100, St. Rose LA. 70087

Douglas-Westwood Limited and Infield Systems will shortly be releasing the new third edition of its World Floating Production Report,covering the period 2003-2007. There are currently 165 prospective installations identified by the Infield database for this 5-year period.
These prospects include FPSOs, production semi-submersibles, TLPs and spars,
along with production barges and FSOs. The indications are that the floating

Faster container import growth forecasted for remainer of 2012 in Journal of Commerce/PIERS market survey.
U.S. containerized imports surged 9.7 percent in July from a year earlier, to 1,562,235 twenty-foot-equivalent units, on strong growth in auto parts and furniture.
The growth — imports also advanced 6.2 percent over June — marks impressive expansion of the import trade, especially considering last July's year-over-year drop of 5.2 percent, said Mario O

The Georgia Ports Authority opened calendar year 2014 with a strong January, achieving gains of 12.5 percent in twenty-foot equivalent container units (TEUs) and 7.3 percent in overall tonnage, compared to January 2013.
"We are encouraged by the strong growth in January that continued a trend that began during the fourth quarter and are hopeful these volumes signal a strengthening U.S. and global economy," Foltz said.

Strong growth in the numbers of ships being transferred into BV class has pushed the Bureau Veritas classed fleet past the 100 million gross tonnes milestone.
At the end of the first half of 2014 Bureau Veritas classed 10,700 ships totalling over 100 million gross tonnes.
Philippe Donche-Gay, Executive Vice President and Head of Bureau Veritas's Marine & Offshore Division says, "Our classed fleet has doubled in size over the last eight years and it is gratifying that the

Ireland’s largest bulk port company, Shannon Foynes Port Company (SFPC), announced yesterday the commissioning of the first ports infrastructure project since the turn of the millennium, with a €50million capital investment programme at Foynes.

Hempel has opened its first factory in Africa, its 26th worldwide, to manufacture coatings for the marine as well as decorative and protective industries to serve customers in Sub-Saharan Africa.
Further boosting its growth plans, Hempel acquired its South African toll manufacturer

The Port of Hamburg achieved its best-ever result in 2014, reporting total throughput of 145.7 million tons, representing growth of 4.8 percent. Up by 6.1 percent at 102.7 million tons, general cargo throughput was outstanding. A 1.7 percent increase in bulk cargo throughput to 43 million tons

European container ports are unlikely to be able to maintain the strong growth rates of the past three decades, Fitch Ratings says.
Combined with the trend for ever-larger ships making fewer unloading stops, this makes risks highest for small- and medium-sized ports

The South Carolina Ports Authority (SCPA) reported that container business rose 12 percent in 2014, a year highlighted by strong volume growth and substantial forward progress on the harbor deepening project.
In December the port handled 141,956 twenty-foot equivalent units (TEUs)

EXMAR NV has placed an order for a second Floating LNG Liquefaction Unit (FLNG) at Wison Offshore & Marine. Under the agreement, Wison will be responsible for the turnkey engineering, procurement, construction, transportation, installation and commissioning (EPCIC) of the FLNG

The Marseille Fos port authority has set out a vision for growth over the four years to 2018 in a strategic plan that puts developments costing $560 million at the heart of measures to offer clients a dynamic Euro-Mediterranean logistics and industrial cluster.

In order to offer a more comprehensive service to shippers and importers in the Philippines, Evergreen Line will team up with Cheng Lie Navigation(CNC) to launch the new China-Philippines Service (CPH).
Two ships around 1,000 TEU will be deployed on the new weekly service

Eltorque, a Norwegian manufacturer of electric valve actuators, has experienced strong growth in the last few years, positioning itself as a leading supplier to the OSV and fishery segments in Europe, Asia and in part, Brazil. As the U.S. shipbuilding backlog continues to grow

Seaborne cargo throughput of 110 million tons in the first nine months sets new record for Port of Hamburg
With total throughput of around 110 million tons, the Port of Hamburg set a new record in the first nine months of 2014

* BHP Billiton is now targeting US$4 billion of annualised productivity gains in its core portfolio by the end of the 2017 financial year, a US$500 million increase on previous guidance.
* Improved capital productivity will allow planned investment to be reduced from US$14

The Georgia Ports Authority reported that its terminals in Brunswick and Savannah moved a combined 2.79 million tons of freight in October, a record for the authority.
"Strong growth across all key sectors of our business is an indication that our ports are reaching a larger and more

Adani Ports & SEZ Ltd, India’s largest port developer and part of Adani Group, today announced financial results for the quarter and half year ended September 30, 2014.
The company reported a 67.7 per cent rise in consolidated net profit at $ 95

Matson, Inc., a U.S. carrier in the Pacific, announced its results for the third quarter of 2014, in which it reported a net income of $21.5 million, or $0.50 per diluted share, compared with $17.2 million or $0.40 per diluted share in 2013, while consolidated revenue for the third quarter 2014